June 2018 U.S. Import and Export Price Indexes — 2018-07-13

(NOTE: A problem occurred with the calculation of the U.S. export air passenger fares indexes that were released with the June 14, 2018, release of the May U.S Import and Export Price Indexes. The corrected data have been issued with this news release.) U.S. import prices decreased 0.4 percent in June, the U.S. Bureau of Labor Statistics reported today, following a 0.9-percent advance in May. Lower prices for nonfuel and fuel imports contributed to the June decline. Prices for U.S. exports rose 0.3 percent in June, after rising 0.6 percent the previous month. All Imports: The price index for U.S. imports fell 0.4 percent in June, after increasing 0.9 percent in May and 0.5 percent in April. The June decline was the largest monthly drop since the index decreased 0.5 percent in February 2016. Despite the downturn in June, overall import prices advanced 4.3 percent between June 2017 and June 2018.